Job Market Monitor
Business
US / Private schools / Students help pay their tuition by working one day a week
A Catholic high school in Chicago ensured its financial survival by having students help pay their tuition by working one day a week in clerical jobs at downtown offices. This was a new idea in U.S. secondary education. New ideas are not necessarily a good thing, because they often fail. But the creator of Cristo … Continue reading
Germany / Deutsche Telekom would cut 1 200
Germany’s Deutsche Telekom has been reported to be planning more job cuts in addition to those already announced a while ago. According to a newspaper, layoffs will primarily affect its overhead segment. Deutsche Telekom of Germany on Thursday was reported to be preparing more job cuts domestically over the next couple of months. The business … Continue reading
Finland / Nokia cuts 300 IT jobs and outsources 820 jobs in India
Nokia Corp. NOK -1.51% Thursday announced more job cuts in Finland as part of a move to outsource its information technology operations to Indian suppliers. Nokia said it would outsource some of its IT operations to two Indian IT suppliers, HCL Technologies Ltd. and TATA Consultancy Services Ltd. , India’s largest software exporter. As part … Continue reading
Kentucky / Gap cuts 350 jobs at distribution centers
Gap Inc. plans to close two facilities in Northern Kentucky as part of a move to streamline the distribution system for the San Francisco-based retailer, according to the Cincinnati Business Courier. The move will impact about 350 workers. Choosen excerpts by Job Market Monitor from via Gap to close distribution centers, cut 350 jobs – … Continue reading
US / Express Scripts / More than 400 layoffs so far at Medco Health Solutions
Express Scripts Holding Co. has trimmed the staff at Franklin Lakes-based Medco Health Solutions Inc., its $29.1 billion acquisition, by roughly 20 percent in Bergen County since last April, laying off more than 400 employees. This week St. Louis-based Express Scripts, which became the nation’s largest pharmacy benefits manager when it bought Medco, confirmed it … Continue reading
Lockheed / Another 150 workers at Fort Worth
An additional 150 workers at Lockheed Martin Aeronautics in west Fort Worth received pink slips today, more than doubling the number of layoffs since the first of the year. Employees at the plant have been told that their last day of work is expected to be Jan. 25, Lockheed spokesman Ken Ross confirmed in an … Continue reading
Update – Montréal / Cirque du Soleil / 400 jobs cut
Cirque du Soleil has announced it will lay off about 400 people between January and March. On Wednesday, the company said the first round of layoffs would happen before the end of the month. Cirque spokeswoman Renée-Claude Ménard said at least 50 per cent of the cuts will be taking place at the company’s Montreal … Continue reading
Scotland / Blockbuster / 300 jobs at risk
THOUSANDS of jobs are at risk after DVD rental firm Block-buster UK yesterday became the latest high street chain to go into administration. The company, which employs 4,190 staff, including more than 300 in Scotland, follows music retailer HMV, which called in administrators earlier this week. The Uxbridge-based business, which opened its first store in … Continue reading
Walmart / Planning to hire more than 100,000: Why ?
Wal-Mart Stores (WMT +0.17%) isn’t planning to hire more than 100,000 veterans over the next five years out of the goodness of its heart, but that is not necessarily a bad thing. As Matthew Yglesias at Slate notes, “Wal-Mart is anticipating that demand conditions will warrant them adding a fair amount of staff over the … Continue reading
Montréal / Cirque du soleil / Up to 600 layoffs could be announced
World-renowned Cirque du soleil will be meeting with staff Wednesday amid reports that up to 600 people could be laid off. Renee-Claude Menard, Cirque’s senior director of public relations, said on Tuesday she would not comment about layoff speculation until the staff meeting. However, she confirmed the famed organization is conducting a major review of … Continue reading
UK/ Manchester City Council / 830 jobs at risk
Plans to cut 830 jobs, raise council tax and close libraries have been announced by Manchester City Council in a bid to address a funding gap of £80m. The proposals could also see bus lane fines “more actively” pursued, bonfire events stopped and departments merged. The job losses follow the cutting of 2,000 posts in … Continue reading
Australia / Boral cuts 700 jobs
BUILDING products maker Boral will shed 700 jobs as part of a major restructure aimed at helping it weather the effects of Australia’s gloomy housing market. The cuts are the result of a 100-day review by new chief executive Michael Kane, who said most of the job losses would be among management ranks and back … Continue reading
Bulgaria / Layoffs at Military Plant: 700-800 employees will have to go
Hundreds of workers at Bulgaria’s State-owned arms manufacturer VMZ Sopot must be laid-off in order for the company to be privatized, Bulgarian Prime Minister, Boyko Borisov, says. According to Borisov, cited by Darik radio, 700-800 employees will have to go because no potential buyer will want to acquire the plant with the current 3 200 ones. … Continue reading
US / Job Gap / Construction Still in The Red
Of the 8.8 million jobs lost in the U.S. economy, a whopping 2.2 million were in construction. Most of those jobs have yet to come back. Some construction firms expect to hire more workers in 2013, but don’t call it a comeback just yet. About 31% of construction companies plan to hire workers this year, … Continue reading
South Africa / Amplats shafts closure could lead to the loss of almost 14,000 jobs
Anglo American Platinum has said it will cease production at four mine shafts in the Rustenburg region of South Africa, which could lead to the loss of almost 14,000 jobs. The world’s biggest platinum producer said lower demand for the precious metal and higher costs meant the shafts were unprofitable. Amplats said it proposed to … Continue reading
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